I made less than 10,000 as a freelancer/contractor. Do I need to file taxes?

[Tuan]

I am a designer and I do freelance/contracted work for my company but I only made less than 10k in 2017. I received my 1099-MISC form from my company. Am I required to file taxes for 2017?

[Coleen3]

Yes, when the IRS talks about a filing requirement of $10,400 for a single person, they are referring to all income that is Federally taxed. With self-employment income that amount is $400. Since no one withheld taxes, you are wholly responsible for Social Security and Medicare taxes. The rate will be 15.3% of your profit.

You will use the Self-Employed edition and enter on Schedule C as instructed below.

Report income without a 1099. Here's how to do that:

• Click on Federal Taxes 
• Click Wages & Income
• Under All Income, click Show all income
• Scroll to Self-Employment, click Start
• Click Yes to Did you have any self-employment income or expenses?
• Enter any income from sales or services that weren't reported on Forms 1099-MISC